, Columnist
The Bull Market Actually Isn’t 10 Years Old
The worst ended in 2009. But save your birthday wishes for March 28. And bring six candles to the party.
No overlap.
Photographer: Photographers: Daniel Acker, Chris Goodney/BloombergThis article is for subscribers only.
A decade ago this month, major market indexes hit their lowest points before reversing as sellers exhausted themselves amid the fear provoked by the 2009 financial crisis.
The S&P 500 Index marked 666 as its low. The Nasdaq and the Dow Jones Industrial Average made fresh lows and reversed as well. With the economy in free fall, after four months of reporting monthly job losses of more than 700,000, the U.S. Department of Labor disclosed that 800,000 jobs disappeared in March 2009.